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Multifamily Loans in
Crown Point, IN

Overview

Crown Point is located in a good market for 5+ unit multifamily loans. Multifamily loans in Crown Point are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Crown Point are competitive. Crown Point apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Crown Point.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Crown Point, IN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Crown Point are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.37% - 3.61%
7 Year Fixed 3.25% - 3.49%
10 Year Fixed 3.47% - 3.71%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.05% - 3.30%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Crown Point may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Lenders in Crown Point, IN

All major multifamily lender types are lending in Crown Point.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 02, 2021


Crown Point Market

The city of Crown Point in Lake County has a population of 30,488. The median rent in Lake County for a 2 bedroom is $978. The median Crown Point resident is 41 years old with a yearly income of $37,965. The average family has 3.09 members and a median household income of $76,927. Crown Point has a 34% higher education rate. The unemployment rate in Crown Point is 3.8%.


Population
30,488 people

County
Lake County

Renters

18.2% of Crown Point households are renters.


Rent Burden

25.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Lake County 1
Indiana 2
National 2
Studio $645 $593 $737
1 bedroom $794 $666 $813
2 bedroom $978 $840 $1,015
3 bedroom $1,216 $1,099 $1,325
4 bedroom $1,378 $1,251 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Crown Point Demographics


Median Individual Income
$37,965 / year

Median Household Income
$76,927 / year

Families w/ Dual Incomes
55%

Unemployment Rate
3.8%
Household Income Distribution
Crown Point, IN

Median Age
41 years

Avg Family Size
3.09 people
Age Distribution
Crown Point, IN

College Education or Above
34%

STEM College Graduates
39%
Education Distribution
Crown Point, IN
Source: U.S. Census Bureau

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